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2026-08-09T18:53:36.000Z

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Gold rate in Saudi Arabia 100g at 52,902 Riyals

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Gold rate in Saudi Arabia 100g at 52,902 Riyals

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23 Hrs2026-08-09T20:01:00.000Z
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Bond concerns unsettle Washington

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23 Hrs2026-08-09T19:09:39.000Z
Bond concerns unsettle Washington
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Oil prices fall, gasoline stable in US

Oil prices fall, gasoline stable in US

Despite oil prices dropping by more than 8% over the past week, these reductions have not quickly reflected in US fuel prices, which remain above $4 per gallon. This is due to several factors, including transportation, storage, refining, and distribution processes, as well as old inventories purchased at higher prices and the profit margins of refining companies. Experts explain that a decrease in gasoline prices may be delayed by weeks or months following a decline in oil prices, due to slow supply chains and the "rocket and feather" phenomenon. Taxes are not the main factor, as transportation and refining costs are higher, especially with geopolitical disturbances that increase expenses. Experts also confirm that the US government does not have direct control over gasoline prices but can influence them indirectly through international policy and by easing tensions.

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